Introduction
Mainboard IPOs have become one of the most popular ways for retail investors to invest in companies before they are listed on the stock exchanges. With the growing number of companies launching Initial Public Offerings (IPOs), investors today have multiple digital platforms that make the IPO application process simple and convenient.
Earlier, applying for a Mainboard IPO involved visiting banks, filling out physical forms, or relying on brokers. Today, investors can apply for IPOs online using investment apps, complete the application through ASBA or UPI, and track allotment status from their smartphones.
A good IPO investment app should allow investors to discover upcoming and live Mainboard IPOs, compare issue details, review company information, apply digitally, track allotment status, and manage investments from a single platform.
Top Apps to Apply for Mainboard IPOs in India
1. Groww
Groww is one of the most convenient platforms for applying to Mainboard IPOs in India. The app enables investors to discover live and upcoming IPOs, review important issue details, and complete the IPO application process digitally using UPI.
Through Groww, investors can access essential information such as the IPO price band, lot size, issue dates, company overview, subscription status, allotment timeline, and listing details—all in one place. This makes it easier for both first-time and experienced investors to evaluate an IPO before applying.
One of Groww’s biggest advantages is that it goes beyond IPO investing. It is an all-in-one investment platform where users can invest in stocks, mutual funds, ETFs, bonds, gold, silver, and IPOs. The platform also supports trading in F&O, commodities, and currencies, making it suitable for investors looking to manage multiple investment products through a single app.
Applying for an IPO often involves understanding terms such as price band, lot size, cut-off price, subscription status, basis of allotment, listing date, and Grey Market Premium (GMP). Groww simplifies this by presenting issue-related information in a clean and easy-to-understand format.
The platform also helps investors compare multiple IPOs before applying by presenting key issue information such as company details, issue size, subscription progress, and important timelines in one place.
Key Features of Groww for Mainboard IPO Investors
- Discover live and upcoming Mainboard IPOs
- Apply digitally using UPI
- View IPO price band, lot size, and important issue dates
- Track IPO subscription status
- Check allotment and listing timelines
- Manage IPOs alongside stocks, mutual funds, ETFs, bonds, gold, and silver
- Beginner-friendly interface
- One platform for investing and trading
Groww is Best For
- Retail investors looking for a simple IPO application experience
- Users who want one app for stocks, IPOs, mutual funds, ETFs, bonds, and commodities
- Investors who prefer managing their entire portfolio through one platform
Overall, Groww stands out because it combines ease of use, digital IPO applications, educational support, and access to multiple investment products, making it one of the best apps for applying to Mainboard IPOs in India.
2. Zerodha
Zerodha allows investors to apply for Mainboard IPOs through its Console and Kite ecosystem using the ASBA-UPI process.
Existing Zerodha users can conveniently apply for IPOs without opening another investment account. The platform also provides access to equity investing, mutual funds, and derivatives through its integrated ecosystem.
3. Upstox
Upstox offers a digital IPO application process that enables investors to apply for Mainboard IPOs using UPI.
Users can view active IPOs, apply online, and monitor their IPO applications through the platform. It is suitable for investors who already use Upstox for stock market investing.
4. Angel One
Angel One provides investors with access to Mainboard IPOs through its mobile and web platforms.
The platform allows users to explore current IPOs, review issue information, apply digitally, and track IPO applications alongside their stock investments.
5. ICICI Direct
ICICI Direct enables investors to apply for IPOs through its integrated banking and investment platform.
Customers with ICICI Bank accounts can complete IPO applications using ASBA while managing their investments through a single ecosystem.
6. HDFC Sky
HDFC Sky offers digital access to Mainboard IPOs along with equity investing and other financial products.
It is particularly useful for existing HDFC customers who prefer managing banking and investing through one platform.
7. Kotak Neo
Kotak Neo provides an online IPO application facility integrated with Kotak Mahindra Bank’s ASBA process.
Users can explore live IPOs, submit applications digitally, and monitor allotment status from the platform.
8. 5paisa
5paisa offers investors an easy-to-use IPO investment platform with access to Mainboard IPOs.
Apart from IPO investing, the platform supports equity trading, mutual funds, and other investment products, making it suitable for retail investors looking for a comprehensive investment platform.
Comparison of the Best Apps for Mainboard IPOs
| Platform | Mainboard IPOs | UPI Application | Portfolio Management | Other Investment Products |
| Groww | ✓ | ✓ | ✓ | Stocks, Mutual Funds, ETFs, Bonds, Gold, Silver, Commodities |
| Zerodha | ✓ | ✓ | ✓ | Stocks, Mutual Funds, F&O |
| Upstox | ✓ | ✓ | ✓ | Stocks, Mutual Funds |
| Angel One | ✓ | ✓ | ✓ | Stocks, Mutual Funds, F&O |
| ICICI Direct | ✓ | ASBA | ✓ | Banking + Investments |
| HDFC Sky | ✓ | ASBA | ✓ | Banking + Investments |
| Kotak Neo | ✓ | ASBA | ✓ | Banking + Investments |
| 5paisa | ✓ | ✓ | ✓ | Stocks, Mutual Funds, F&O |
How to Choose the Right IPO App
Before choosing an IPO investment platform, consider the following:
- Availability of live and upcoming Mainboard IPOs
- Digital application process through UPI or ASBA
- Easy access to company and issue information
- IPO subscription status updates
- Allotment tracking
- User interface and overall experience
- Availability of other investment products
- Customer support
Conclusion
Applying for Mainboard IPOs has become much simpler with digital investment platforms. Investors can now discover upcoming IPOs, compare issue details, submit applications online, and track allotment status without paperwork or branch visits.
Before applying for any IPO, investors should evaluate the company’s business model, financial performance, valuation, industry outlook, risks, and subscription trends. Choosing the right investment platform can make the IPO application process more seamless and convenient.
Whether you are a first-time IPO investor or an experienced market participant, selecting a platform that combines ease of use, transparent information, and a wide range of investment products can significantly enhance your investing experience.
Frequently Asked Questions
Can I apply for Mainboard IPOs online?
Yes. Investors can apply for Mainboard IPOs online through investment and broking platforms that support IPO applications using the UPI or ASBA process.
What is a Mainboard IPO?
A Mainboard IPO is an Initial Public Offering launched by companies that list on the main boards of the NSE and BSE. These IPOs are open to retail, HNI, and institutional investors.
Do I need a demat account to apply for a Mainboard IPO?
Yes. A demat account is generally required to receive shares allotted through a Mainboard IPO.
Is Groww good for beginners applying for Mainboard IPOs?
Yes. Groww offers a simple interface, digital IPO applications, IPO tracking, and access to multiple investment products, making it suitable for beginners.
Can I track IPO allotment through these apps?
Most investment platforms allow investors to track IPO applications and provide updates on allotment status and listing dates.
Is there any charge for applying to an IPO?
Generally, there is no separate application fee for applying to an IPO. The application amount is blocked in your bank account through UPI or ASBA until the allotment process is completed.
Can I compare multiple IPOs before applying?
Yes. Most investment platforms allow users to compare IPOs based on issue size, price band, subscription status, and other important details before investing.
What should I check before applying for a Mainboard IPO?
Before applying, consider the company’s business model, financial performance, valuation, industry outlook, risk factors, issue price, and subscription demand. Avoid making investment decisions based solely on listing expectations.
